Submitted by Robert Fitzgerald
It would be accurate to describe most contemporary economies as being effectively two track economies, which are run towards very different ends. This article is intended to be a brief introduction to the core concepts of what these two different economic structures are for, how they run and how they interact with each other.
The first track, which I term the “Productive Economy” is something I expect most readers will already be familiar with. It operates according to principles of supply and demand which are taught in entry level economics classes in high school and undergraduate university courses. The incentives are aligned towards most efficiently matching supply of goods and services with demand, through market and pricing mechanisms.
Then there is a second track to the economy, which readers are less likely to have had direct participation with, though almost all will have come into contact…
View original post 1,485 more words